SoFi Technologies, Inc. (SOFI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: November 06, 2025

Risk Assessment Details

Potential Dilution: 53.85% of current shares
Recent Dilution: 11.12% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
1.2B
Potential Supply
630M
Additional shares possible
Splits
None
Past 2 years

Summary

SOFI currently has 1.17B outstanding shares. with significant dilution risk as 631M authorized shares could dilute existing holders by 53.9%. The company has diluted shareholders by 11.12% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 06, 2025

10-Q filing | 1171.2M shares outstanding

1.2B 630M
Aug 07, 2025

10-Q filing | 1182.9M shares outstanding

1.2B 630M
May 06, 2025

10-Q filing | 1098.0M shares outstanding

1.1B 630M
Feb 24, 2025

10-K filing | 1101.4M shares outstanding

1.1B 630M
Nov 07, 2024

10-Q filing | 1071.2M shares outstanding

1.1B 630M
Aug 06, 2024

10-Q filing | 1065.2M shares outstanding

1.1B 630M
May 07, 2024

10-Q filing | 1042.5M shares outstanding

1B 630M
Mar 08, 2024

8-K filing: SoFi Technologies Inc. entered into exchange agreements to exchange $600 million in aggregate principal amount of 2026 notes for an aggregate of approximately 61,713,287 shares of common stock and issued notes to initial purchasers, with a maximum of 118,638,169 shares of common stock potentially issuable upon conversion.

950M 630M
Feb 27, 2024

10-K filing | 945.0M shares outstanding

950M 630M
Nov 08, 2023

10-Q filing | 951.2M shares outstanding

950M 630M
Aug 08, 2023

10-Q filing | 936.6M shares outstanding

940M 630M
May 10, 2023

10-Q filing | 929.3M shares outstanding

930M 630M
Mar 01, 2023

10-K filing | 900.9M shares outstanding

900M 630M
Nov 09, 2022

10-Q filing | 916.8M shares outstanding

920M 630M
Aug 09, 2022

10-Q filing | 910.0M shares outstanding

910M 630M
Jul 15, 2022

POS AM filing: This is a POS AM filing for SoFi Technologies, Inc. regarding the issuance and resale of common stock, preferred stock, and warrants.

920M 630M
Jul 15, 2022

S-3 filing: SoFi Technologies, Inc. is offering up to $1,000,000,000 in aggregate principal amount of its common stock, preferred stock, debt securities, warrants and/or units.

850M 630M
May 10, 2022

10-Q filing | 852.9M shares outstanding

850M 1.2B
Mar 04, 2022

S-1 filing: This S-1 filing relates to the resale of common stock, preferred stock, and warrants by selling securityholders, as well as the issuance of common stock upon the exercise of options and warrants.

830M 1.2B
Mar 03, 2022

8-K filing: SoFi issued 81,856,112 shares of SoFi Common Stock to Atom New Delaware stockholders in connection with the closing of the Merger, subject to a post-Closing purchase price adjustment.

830M 630M
Mar 01, 2022

10-K filing | 828.6M shares outstanding

830M 630M
Feb 24, 2022

8-K filing: SoFi Technologies, Inc. will issue 84,074,719 shares of its common stock to the holders of Atom New Delaware Stock as part of a merger agreement.

790M 630M
Nov 19, 2021

8-K filing: SoFi Technologies, Inc. announced the Redemption Fair Market Value in connection with the redemption of its outstanding warrants, where holders exercising warrants on a cashless basis will receive 0.361 shares of common stock per warrant.

790M 630M
Nov 18, 2021

8-K filing: On November 18, 2021, SoFi Technologies, Inc. completed a public offering of 50 million shares of its common stock at a price of $21.60 per share by the Selling Stockholders to the Underwriter.

790M 630M
Nov 15, 2021

10-Q filing | 800.6M shares outstanding

800M 630M
Nov 15, 2021

8-K filing: Certain stockholders of SoFi Technologies, Inc. intend to offer for sale 50 million shares of the Company's common stock in an underwritten secondary offering.

790M 630M
Oct 04, 2021

8-K filing: SoFi Technologies, Inc. closed its issuance and sale of $1.2 billion aggregate principal amount of convertible senior notes due 2026, with net proceeds of $1.176 billion after deducting the initial purchasers' discount.

790M 630M
Aug 16, 2021

10-Q filing | 794.7M shares outstanding

790M 630M
Jun 14, 2021

S-1 filing: This S-1 filing relates to the resale of shares of common stock, Series 1 preferred stock, and warrants by selling securityholders, as well as the issuance and resale of shares of common stock reserved for issuance upon the exercise of options and settlement of restricted stock units.

800M 630M
May 24, 2021

10-Q filing | 80.5M shares outstanding

81M 73M
Mar 17, 2021

10-K filing | 80.5M shares outstanding

81M 73M
Nov 23, 2020

10-Q filing | 80.5M shares outstanding

81M 73M
Oct 20, 2020

8-K filing: Social Capital Hedosophia Holdings Corp. V consummated its initial public offering of 80,500,000 units at $10.00 per Unit, generating gross proceeds of $805,000,000, and completed the private sale of 8,000,000 warrants to its sponsor at $2.00 per warrant, generating gross proceeds of $16,000,000. ($821.0M proceeds)

81M 73M
Oct 14, 2020

8-K filing: Social Capital Hedosophia Holdings Corp. V consummated its initial public offering of 80,500,000 units at $10.00 per unit, generating gross proceeds of $805,000,000, and completed the private sale of 8,000,000 warrants to its sponsor at $2.00 per warrant, generating gross proceeds of $16,000,000. ($821.0M proceeds)

81M 73M
Oct 06, 2020

S-1/A filing: Social Capital Hedosophia Holdings Corp. V is offering 65,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-fourth of one redeemable warrant, as well as warrants to purchase Class A ordinary shares at $11.50 per share.

81M 73M
Sep 25, 2020

S-1/A filing: This is an S-1/A filing related to a business combination, outlining the conditions for redeeming Ordinary Shares for cash, either through a tender offer or a shareholder vote. It details the process for determining the redemption price and the obligations of the company in the event of not completing a business combination within the required timeframe.

19M 73M
Sep 18, 2020

S-1 filing: Social Capital Hedosophia Holdings Corp. V is offering 65,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-fourth of one redeemable warrant.

19M 73M
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